What Is the Purpose of PIPEDA

question 49

Multiple Choice

What is the purpose of PIPEDA?

• A) To provide EU citizens with a right of privacy with respect to how their personal information is collected, used, or disclosed by an organization
• B) To provide Canadian citizens with a right of privacy with respect to how their personal information is collected, used, or disclosed by an organization
• C) To provide US citizens with a right of privacy with respect to how their personal information is collected, used, or disclosed by an organization
• D) All of the choices are correct

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Definitions:

Marginal Revenue

The supplementary income produced through the sale of an extra unit of a product or service.

Equilibrium Price

The price at which the quantity of goods suppliers are willing to produce equals the quantity of goods consumers are willing to buy.

Normal Profit

The minimum level of profit necessary for a company to remain competitive in the market, covering opportunity costs but not generating economic profit.

Market Equilibrium

The state in which market supply and demand balance each other, and, as a result, prices become stable.